BUSINESS PLAN ON SATYA TEXTILE LIMITED

Submitted to Sandhya Harkawat (Professor) S.K PATEL INSTITUTE OF MANAGEMENT STUDIES (MBA) KADI SARVA VISHWAVIDYALAYA, GANDHINAGAR
SUBMITTED BY: GROUP NO: 7 Group Members Nandani Darshita Nasit Kinjal Nayak Milan Patel Nirav Vyas Ankita Roll NO 64 65 67 81 119

INTRODUCTION OF THE COMPANY

Satya textile limited is located at Chhatral (GIDC), Kalol. Company produce the material of cloth. Satya textiles limited have 150 employees who are masters in operating all textile machinery. Satya textile limited consists of finance, marketing and HRM departments. Satya textile limited has 40 picanol machines.

The company is dedicated to constantly expanding and updating a product range in order to say ahead of the market. The management is confident of improvement in the demand of companys products in the near future. The unit of the company is eco-friendly and has already adopted the concept of its products and recycle of waste.

VISION & MISSION OF SATYA TEXTILE LIMITED

OUR VISION:
To manufacture products comparable to international standards, to be customer focused and globally competitive through better quality, latest technology and continuous innovation

OUR MISSION:
To manufacture world class products of outstanding quality that gives our customers a competitive advantage through superior products and value, so we can make every customer smile. To encourage peoples ownership, empowerment and working under team structure. To attain highest level of efficiency, integrity and honesty.

MANAGEMENT SQUAD

In our company management squad includes Board of directors, Auditors, department vice manager and company law consultant.

Board of Directors Nayak Milan Patel Nirav Nandani Darshita Nayak Jay Nasit Kinjal

Production Manager Nayak Tejash

Marketing Manager Vaidya Siddharth

Finance Manager Patel Nayan

Law Consultant Prakash Patel

HR Manager Pandya Vipul

FUNCTIONAL DEPARTMENT OF THE COMPANY

1. Production Department 2. Finance Department 3. Marketing Department 4. HR Department

1. PRODUCTION DEPARTMENT

Production department includes following things: 1. Production Process chart 2. Production Capacity 3. Location & Reason for choosing location 4. Factors considered for selecting above location

1.1 PRODUCTION PROCESS CHART:

(i) (ii) (iii) (iv) (v) (vi)

Yarn Warping Machine Cloth Mending Brushing

(I)

YARN CONING MACHINE:

(II)

WARPING MACHINE:

(III)

PICANOL CLOTH MACHINE:

(IV)

CLOTH:

(V)

MENDING:

(VI)

BRUSHING:

1.2 PRODUCTION CAPACITY:

PARTICULARS
Raw material Stores, spares Finished goods

RS.IN LAKH 2013-14 67.87 7.97 157.30

Above figures are predicted figures it means estimation is made. It can be increase or can be decrease as per the market condition and government intervention.

1.3 LOCATION AND REASONS OF CHOOSING THE LOCATION

SATYA TEXTILE LIMITED PLOT NO 12345, PHASE-I GIDC INDUSTRIAL ESTATE, CHHATRAL, TA-KALOL DST- GANDHINAGAR.

REASON FOR CHOOSING THIS LOCATION:

The reason behind selecting this location because near the factory National Highway No.8 passes so company can transport its production very easily. This the main reason behind selecting only this location.

1.4 FACTORS CONSIDERED FOR ABOVE LOCATION

Transportation Facility Fewer competitors on that location Availability of market facility Availability of raw material

2.

FINANCE DEPARTMENT

For any business finance is the base. To run the business finance becomes the essential part in the business. In our business we are also collect funds from the various sources like Loan, Public deposit and through shares.

2.1 Through Loan:

One of the favourable sources of finance is loan. In our company we will receive loan from Dena Bank, Chhatral. Loan will term loan and its repayable after some specific time period.

2.2 Public Deposit:

SATYA TEXTILE LIMITED Company is also interested in raising finance from public deposit. The company will be interested in accepting any public deposits as defined under section 58A of the companies Act, 1956.

2.3 Through Shares:

SATYA TEXTILE LIMITED Company is also interested in raising finance through shares. Those shareholders who wish to hold the companys share in electronic form may approach their depository participants.

3. 3.1 3.2 3.3 3.4

MARKETING DEPARTMENT

Marketing department information Marketing objective Marketing department structure Major competitors

3.1 MARKETING DEPARTMENT INFORMATION

Marketing concept states that achieving organization goal depend on determining the needs and wants of target markets and delivering the desired satisfaction more effectively and efficiency than competitors do.

Our Marketing Manager Mr.Vaidya Siddharth who did his MBA in marketing area. He is innovative person. Mr.Siddharth introduces some effective techniques of selling the product of the company in the market. Company have its own Website as well as have various customers who are loyal to the company.

Marketing of our product can be done through: Advertisement Making contract with various cloth merchant Through creating awareness about product

3.2 MARKETING OBJECTIVE

Our companys marketing objectives are as follow: Achieving market share Increase company growth rate To satisfy the customers Fulfil customer need Built long term relationship Provide more qualitative product Easy Availability of product

3.3 MARKETING DEPARTMENT STRUCTURE

BOD CEO

GENERAL MANAGER
SALES MANAGER MARKETING MANAGER

ASSISTANT MANAGER

3.4 MAJOR COMPETITORS

Sakarda Textile Ltd. Dhar Textile Ltd. Arex Industries Ltd. Konark Synthesis Ltd. Mohit Industries Ltd. Olympia Industries Ltd.

4.

HR DEPARTMENT

4.1 Sources of Recruitment 4.2 Recruitment Process 4.3 HR Policy 4.4 Training & Development

4.1 SOURCES OF RECRUITMENT

Normally SATYA TEXTILES LIMITED recruits employees from two sources: (I) (II) Internal Sources External Sources

4.1. (I) INTERNAL SOURCES:

4.2 Transfer and Promotion Job Rotation Past experience Referrals

(II) EXTERNAL SOURCES: Advertisement Employment Exchange Campus Recruitment (ITI institute) Professional & Trade association

4.2 RECRUITMENT PROCESS

Interview by Panel Testing of technical Knowledge

Put the Interviewee in critical situation Learning through various processes

4.3 HR POLICY
The company believes that human resource is the most important assets of the organization. It is not shown in the corporate balance sheet, but influences appreciably the growth, progress, profits and the shareholders values. During the year our company continued its efforts aimed at improving the HR policies and processes to enhance its performance. The vision and mission of the company is to create culture and value system and behavioural skill to insure achievement of its short and long term objectives. The company continues to attract talent both from within and outside India to further its business interests. Industrial relations continue to be cordial.

4.4 TRAINING & DEVELOPMENT

Training and development of the workers is required for the development of the workers. It is very necessary step for the improvement of the worker. Training is required to teach the employees and fit them in organization. To give training regarding the machines is very important because employee have to work on that. Trained workers are more productive than untrained workers.